Lendlease Global Commercial Reit (“Lendlease Global REIT”) is offering 387,474,987 Units for the IPO at $0.88 per unit. The IPO will close on 30 Sep 2019 at 12pm and start trading on 2 Oct 2019 at 2pm. The number of units for public tranche is only 22.727m (meaning just $20m in value). Based on the IPO price, the market cap will be S$1.56 billion.
About Lendlease Global REIT Lendlease Global REIT is established to invest in a diversified portfolio of income producing real estates globally in the retail and office sectors.  About the Sponsor – Lendlease Corporation Limited The Sponsor is part of the Lendlease Group, a leading international property and infrastructure group listed on the ASX, with operations in Australia, Asia, Europe and Americas. Lendlease Group currently operates in 8 countries, which it believes to be most resilient and stronger performing. Lendlease Group is one of the largest developers